Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 39.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 873,693 shares of the company’s stock after selling 576,452 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.58% of Zscaler worth $168,301,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Spire Wealth Management increased its holdings in shares of Zscaler by 24.5% in the fourth quarter. Spire Wealth Management now owns 249 shares of the company’s stock valued at $58,000 after purchasing an additional 49 shares during the last quarter. US Bancorp DE lifted its holdings in Zscaler by 0.3% during the 4th quarter. US Bancorp DE now owns 22,944 shares of the company’s stock worth $5,083,000 after buying an additional 59 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in Zscaler by 3.4% during the 1st quarter. Kovack Advisors Inc. now owns 2,042 shares of the company’s stock worth $393,000 after buying an additional 67 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Zscaler by 41.1% during the fourth quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock worth $53,000 after purchasing an additional 69 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Zscaler by 66.7% during the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 0.2 %

NASDAQ ZS traded down $0.36 during trading hours on Monday, hitting $181.00. The company had a trading volume of 377,588 shares, compared to its average volume of 2,189,655. Zscaler, Inc. has a fifty-two week low of $131.59 and a fifty-two week high of $259.61. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.04. The firm’s 50 day moving average is $184.39 and its 200 day moving average is $199.08.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Thursday, May 30th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.39. Zscaler had a negative return on equity of 5.84% and a negative net margin of 3.62%. The firm had revenue of $553.20 million during the quarter, compared to the consensus estimate of $535.55 million. On average, research analysts anticipate that Zscaler, Inc. will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Zscaler

In other Zscaler news, CFO Remo Canessa sold 7,981 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $177.21, for a total value of $1,414,313.01. Following the completion of the transaction, the chief financial officer now directly owns 243,486 shares of the company’s stock, valued at approximately $43,148,154.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 19.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Needham & Company LLC restated a “strong-buy” rating and issued a $290.00 price target on shares of Zscaler in a research report on Friday, June 14th. Mizuho lowered Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 price objective on the stock. in a report on Tuesday, July 16th. Loop Capital lowered their price objective on Zscaler from $225.00 to $180.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Scotiabank lowered their price objective on Zscaler from $250.00 to $210.00 and set a “sector outperform” rating on the stock in a report on Friday, May 31st. Finally, Stifel Nicolaus lowered their price objective on Zscaler from $270.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Eight investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $225.21.

Zscaler Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.